Answer
The answer and procedures of the exercise are attached in the following image.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Answer:
$31,584
Explanation:
Pouch Corporation
Direct Labor Budget June July Total
Required production in units
2,100 1,900
Direct labor-hours per unit
0.84 0.84
Total direct labor-hours needed
1,764 1,596
Direct labor cost per hour
$9.40 $9.40
Total direct labor cost
$16,581.60 $15,002.40 $31,584
Required production in units×Direct labor-hours per unit =Total direct labor-hours needed
Total direct labor-hours needed×Direct labor cost per hour =Total direct labor cost
$16,581.60 + $15,002.40 = $31,584
Answer and Explanation:
According to the scenario, journal entry for the given data are as follows:
Cash A/c Dr. $1,000
Supplies A/c Dr. $3,000
Land A/c Dr. $8,000
Equipment A/c Dr. $5,000
To A/c Payable A/c $4,500
To Notes payable A/c $3,100
To M. Derr capital A/c $9,400 ($1000+$3000+$8000+$5000-$4500-$3100)
(Being Derr's investment is recorded)
Answer:
A. The USA specializes in potatoes because of its comparative advantage in producing potatoes.
Explanation:
US 1 ton of potatoes or 0.5 tons of wheat = 2
Ireland 3 tons of potatoes or 2 tons of wheat = 1,5
